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Bitcoin ETF outflows are noise, analyst says
CoinDesk·
Despite recent dramatic headlines regarding Bitcoin ETF outflows, a broader adoption narrative remains intact, according to Bloomberg Intelligence's Eric Balchunas. While outflows may appear significant in the short term, they do not necessarily reflect a fundamental shift in the long-term adoption story for Bitcoin and related investment products. The market continues to digest these movements, with analysts suggesting the underlying trend of institutional interest may persist.
Tickers
$BTC-USD
Tags
fintech
crypto
macro
Original Source
CoinDesk — coindesk.com